Showing 1 - 10 of 186
This paper uses a modi.ed Harrodian model to understand both the long period of rapid Japanese growth and the recent period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government intervention, we argue, took the Japanese economy...
Persistent link: https://www.econbiz.de/10010287845
An examination of several case studies in the region suggests that the ability to sustain a credible monetary policy depends on how vulnerable countries are to the impacts of sudden stops. In this respect, four aspects are of vital importance to ameliorate such impacts. Opening up the economy so...
Persistent link: https://www.econbiz.de/10010327082
The relationship between the exchange rate and public debt is intermediated by two mechanisms. On the one hand, exchange rate devaluation implies higher payment on local currency over the debt denominated in foreign currency. On the other hand, the rise of public debt leads a perception of...
Persistent link: https://www.econbiz.de/10010288084
Using the trilemma indexes developed by Aizenman et al. (2010) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10010331079
This paper contributes to the microstructure approach to exchange rates in two ways. Using a unique dataset that covers 100% of the Brazilian FX financial market, we find a strict link between FX currency flows and the Balance of Payments. Second, we develop an identification strategy that...
Persistent link: https://www.econbiz.de/10010285344
This paper analyses one of the main pillars of Brazil.s newly found economic resilience: a maturing FX market providing … June 30, 2003 (a time period in which Brazil suffered two severe external liquidity shocks). …
Persistent link: https://www.econbiz.de/10010322735
In recent years, a large number of studies have investigated the relationship between social security benefits and male retirement decisions in developed countries. However, women's and couples' labour supply decisions and the patterns of withdrawal from the labour force in emerging economies...
Persistent link: https://www.econbiz.de/10010293260
the case of Brazil. The IT monetary policy regime has been adopted by a significant number of countries. While the focus … of this paper is on Brazil, which began inflation targeting in 1999, we also examine the experience of other countries … compare the experience of Brazil with that of non-IT countries, and ask the question of whether adopting IT makes a difference …
Persistent link: https://www.econbiz.de/10010276235
matching comparison methodology developed by Ñopo (2008). In Brazil, racial wage gaps are more pronounced than those found …
Persistent link: https://www.econbiz.de/10010278245
This paper studies the link between television and divorce in Brazil by exploiting variation in the timing of …
Persistent link: https://www.econbiz.de/10010278275